FCA consults on removing more returns and lifting ban on retail crypto ETN sales

FCA’s latest quarterly consultation proposes to:

• further streamline regulatory returns: it plans to:
  • remove the GI pricing attestation and retail investment advisor complaints forms;
  • reduce the frequency for consumer BTL mortgage data reporting;
  • remove the requirement to submit nil returns for REP 008 on disciplinary action relating to Conduct Rules staff; and
  • require that the CCR007 return will in future align with calendar year reporting, to dovetail with the new CCR009 report;
• lift the current ban on marketing and sale of crypto ETNs admitted to a UK RIE – instead it will control sales by categorising these as Restricted Mass Market Investments; and
• amend the UK EMIR reporting requirements to trade repositories (consulting jointly with the BoE on this);

Depending on the change, consultation closes between 30 June and 14 July.